This seminar will address corporate governance issues from an historical as well as current perspective. In addressing the legal framework of corporate governance for the modern U.S. corporation, we will consider the implications for corporate governance posed by different players, including investors, independent directors, corporate management, employees and other stakeholders. Throughout our discussions, we will seek to take into account the roles played by courts, legislatures, and regulatory bodies, as well as the challenges and responsibilities of lawyers who advise their clients in various settings. In addition to discussion of legal academic writings, cases and relevant laws, we will engage in a number of role-playing exercises in class. For example, students may be called upon to play various roles in a simulated annual meeting of shareholders involving a campaign to withhold votes to elect a company's board chairman or to play the role of legal advisers to independent directors of a company's board who are called upon to negotiate the compensation of the company's chief executive officer. There is no exam in this course. Each student will be required to write one short paper (up to 5 pages) that will cover a topic for a given class and will be responsible for leading (or co-leading with one or more other students) the discussion on that topic for a substantial portion of that class. In this regard, the student or students responsible for leading the discussion in a given class will also be asked to identify and post an additional reading for that class. Each student will also be required to write a longer paper of publishable quality due at the end of the semester. The professor will consult with each student at the outset, when a research topic is chosen, and during other stages of the research and writing process. PREREQUISITE: Corporations. RECOMMENDED: Securities Regulation (either prior to or concurrent with this course.) LIMITED WRITING REQUIREMENT OPTION: A limited number of students may be permitted to satisfy the upper-class writing requirement with the approval of the Associate Dean for Academic Affairs. GRADING NOTICE: This class will not offer the CR/NC/H option. ** A student who fails to attend the initial meeting of a seminar, or to obtain permission to be absent from either the instructor or the Registrar, will be administratively dropped from the seminar. Students who waitlist for a seminar are required to attend the first seminar meeting to be considered for enrollment.